City A.M.’s shadow MPC votes to hold interest rates despite recent sunnier data

first_imgWednesday 1 May 2019 4:58 pm Hold for now, despite the slew of stronger data. Some activity may have been brought forward ahead of the original Brexit date. Meanwhile, stronger pay growth has yet to show up in inflation.Simon Ward, Janus HendersonCut Money growth is too low to achieve the inflation target over the medium term. Brexit preparations have temporarily supported activity but payback is imminent. Labour market strength is ebbing.Jeavon Lolay, Lloyds BankHoldBased on UK data alone, the case for a rate hike has on balance strengthened since February. However, continuing uncertainty around the global and domestic outlook argues for caution at this juncture.Vicky Pryce, CEBRHoldPrecautionary stock-building, higher wages and good employment data are giving a temporary boost to growth but risk to inflation remains low while the Brexit extensions have increased business uncertainty.Tej Parikh, Institute of DirectorsHoldHigher wages and rising oil prices imply a pick-up in inflation is just around the corner but this has to be balanced against ongoing Brexit considerations, which make a rate rise risky.Mike Bell, JP Morgan Asset ManagementHoldWith the recent rise in productivity-adjusted labour costs the case for a rate rise is building, but it is worth waiting for more evidence that the global manufacturing slowdown is behind us.James Smith, INGHoldAside from decent wage growth, there are few reasons to raise rates right now. Lingering no deal Brexit concerns will continue to restrain economic activity in the near-term. Share Simon French, Panmure Gordon HoldThe UK economy is showing signs of a split personality. Consumers are carrying on largely unimpacted by Brexit developments. By contrast business investment and the UK’s trade performance remains weak. Until it becomes clearer which sentiment will win out, rates should be left on hold.Ruth Gregory, Capital Economics Hold City A.M.’s shadow MPC votes to hold interest rates despite recent sunnier data The Bank’s monetary policy committee (MPC) will at midday tomorrow announce its latest interest rate decision, along with its inflation report, its first since Britain’s membership of the European Union was extended until 31 October.The committee will have digested recent positive signals from the economy in the run up to their decision over whether to change the 0.75 per cent headline rate. The economy grew at a decent clip in the first quarter, with employment rising 179,000 in the three months to February.With a no-deal Brexit averted for the time being and rising oil prices threatening to push up inflation, an interest rate hike by Threadneedle Street is a possibility – and something City A.M.’s shadow MPC guest chair, Kallum Pickering of Berenberg, calls for.Read more: Hammond kicks off search for new Bank of England governorHowever, seven shadow MPC members call once again for the Bank to keep rates on hold due to clouds of uncertainty still hanging over the economy.City A.M.’s shadow MPC whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndo Guest chair: Kallum Pickering, BerenbergHike Despite ongoing Brexit uncertainty, medium-term inflation risks are building in three areas. Firstly, financial and economic participants’ inflation expectations are elevated and rising.Secondly, demand growth is far exceeding the rise in productive capacity linked to softness in private business investment.And thirdly, wage cost pressures are mounting as wage increases outpace productivity growth. The case to wait until after Brexit is resolved has weakened following the latest delay that could last six months. The risk of falling behind the curve now exceeds the risk from adding to current anxieties. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comMan on bail for murder arrested after pet tiger escapes Houston‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com980-foot skyscraper sways in China, prompting panic and Harry Robertson Ongoing Brexit uncertainty means the Bank of England should hold interest rates steady tomorrow, City economists have said, despite the economy recently showing signs of strength.Read more: UK inflation rate holds steady sending Britons’ real wages higher Tags: Bank of England Brexit UK inflationlast_img read more

She’s calling for a health care revolution. The radical first step: listen to patients

first_img Lee called a meeting in 2012 to discuss how to track costs through University of Utah’s hospitals. The plan tumbled into place quickly: She rented some office space, put up a cube farm, and assembled a team of the hospital’s top accountants and data managers.She separated them from their day jobs and gave them six months to figure it out. On late nights, she bought them pizza.Lee kept a close eye on the project — and everyone in the health system knew it. When the data team wanted answers from medical staff, they got them.“We could just say, ‘We need you up at research park’ and they would be there,” said Charlton Park, chief of analytics at the University of Utah. “The whole institution knew about the project and that Dr. Lee was sponsoring it. … A roadblock was not something anybody wanted to be.”The resulting database was enormous: 200 million rows of information, each one as wide as football field.It documented the cost of every interaction with a patient: supplies used, medication dispensed, doctors consulted. The team determined, for instance, that a minute in the emergency room costs the health care system 82 cents. A minute in the intensive care unit costs $1.43. Please enter a valid email address. Related: It is something Lee believes deeply. Her management style is to set goals and let her employees figure out how to reach them. And she embraces ideas from her staff, too.At one of her hospitals, for instance, doctors hit upon the idea of building a day care for the maternity ward, so big siblings would have a place to play while the parents focused on their newborn.While describing it, Lee hopped up from her office chair and sketched the rough outline of the day care. “The guys who run the clinic just came in one weekend, took about this much space, and drywalled it themselves,” she said. “I just love that. They came up with it completely by themselves.”The University of Utah Hospital in Salt Lake City. A gleaming facade leads into a large atrium where a pianist plays in the corner, next to one of Utah’s busiest Starbucks. Kim Raff for STATMessage to doctors: Get thicker skinSo far, that management philosophy is working.Last month, University of Utah Health Care was named No. 1 for quality in a prestigious annual ranking of academic medical centers, beating out Mayo Clinic in Minnesota, Cedars-Sinai in California, and several other top institutions.Lee’s work has attracted gobs of attention, too. Harvard professors have visited to study the new cost accounting practices, and so has Sylvia Mathews Burwell, the Department of Health and Human Services secretary. Hospitals nationwide have begun replicating her methods to improve doctor performance and patient satisfaction.Dr. Thomas Lee, chief medical officer for Press Ganey, which administers patient surveys for University of Utah and other hospitals, still remembers his reaction when Vivian Lee told him she was going to start posting unedited patient reviews of doctors: “I said, “You are (expletive) kidding me?”“I couldn’t believe she was doing it, but at the same time I realized how great it was,” said Thomas Lee, who is not related to Vivian Lee. Privacy Policy Dr. Vivian Lee, University of Utah Health Care Related: Get a new body part and go home the same day: the rise of the ‘bedless hospital’ In late 2012, it became the first hospital system in the country to post unedited patient reviews of its physicians online. Right there, on the official hospital website, patients could, and did, accuse specific doctors of being rude, rushed, or always running late — and rank them on a five-star scale. (They also offered plenty of compliments.)Two years later, Lee’s staff built a database the size of multiple football fields to track the health care system’s costs to the penny, another unheard-of step in an industry where most hospitals have only a vague notion of how much they actually spend to, say, replace a knee, or deliver a baby, or evaluate a patient rushed in with chest pains.But Lee says this next step — giving patients the power to determine whether their care has been successful — is the one that matters most. It is also a massive undertaking.Physicians across the sprawling health care system are now collecting data from patients about how their illnesses affect their daily lives. The reports are instantly uploaded into electronic medical records, so everyone working with the patient can discuss those goals and lay out a plan to achieve them. Whether this effort, known as patient reported outcomes, will significantly improve performance is an open question.Talking ‘cow tipping’ at HarvardBut Lee is not the type of person you’d want to bet against.She grew up as one of the few Asian kids in Norman, Okla., where her parents both worked as university professors. Lee said she was not overly ambitious, and did not take Advanced Placement classes. She got into Harvard anyway, because she was gifted in math and a great test taker.When students in Cambridge asked her about Oklahoma, she indulged them with stories about cow-tipping that they actually believed.Lee earned a Rhodes Scholarship at Oxford, completed medical school at Harvard, and was a rare female surgical resident at Duke. In her first days in Durham, N.C., she vividly remembers an encounter with a woman handing out uniforms in the hospital laundry.“She gave me this white, triangle skirt — heavily starched,” Lee recalled. “It would have stood on its own. I said, ‘Can I just get some pants?’ And she said, ‘Honey, we don’t have any girl’s pants. You want those, you bring yourself over to the mall.’”Lee went and bought herself some pants. She opted not to pursue surgery, switching to radiology before finding her way into an administrative position overseeing research at New York University’s Langone Medical Center.In July of 2011, Lee took the top job at University of Utah, where she oversees a $3.3 billion annual budget. In addition to the hospitals and clinics, the system includes an insurance plan and five colleges within the university, including the school of medicine.A slight, energetic woman with a fringe of bangs across her forehead, Lee, 50, is warm and optimistic. She is a rare hospital administrator who easily breaks away from health care jargon to tell an amusing story. When she wants to emphasize a point, she lowers her glasses and looks at a person squarely, as if to chase away any doubts.Her health system’s flagship hospital in Salt Lake City is a mix of the old and new. A gleaming facade leads into a large atrium where a pianist plays in the corner, next to one of Utah’s busiest Starbucks. Arresting views of the mountains distract from the bustle of cars and ambulances.Lee’s days there are busy, but time at home is even busier. She and her husband have four daughters, ages 8, 10, 12, and 14.To clear the way for quality family time, she organizes like crazy. Lee cooks lasagna and curry dishes in bulk. She stocks a “birthday present closet” with books, glow-in-the-dark watches, and rolls and rolls of stickers that her girls can give as gifts when they’re invited to parties. There is no TV in the house, so time together is spent face-to-face.“I can’t guarantee that their socks match every day or that their rooms are neatly organized,” Lee said of her daughters. “I just try to spend time with them and have fun.”Lee works 12- to 14-hour days that are typically jam-packed with meetings and begin and end with a flurry of urgent emails. If she has time at night, she reads — about whatever grabs her attention. One of her recent selections was “Drive,” by Daniel H. Pink, which focuses on the art of motivating people. It asserts that certain workers, like those in health care, are intrinsically motivated and don’t need aggressive, top-down management. Raising an alarm, doctors fight to yank hospital ICUs into the modern era Related: Related: National Technology Correspondent Casey covers the use of artificial intelligence in medicine and its underlying questions of safety, fairness, and privacy. He is the co-author of the newsletter STAT Health Tech. @caseymross Within a year, Piedmont Healthcare in Atlanta and Wake Forest Baptist in North Carolina were also posting reviews. Others soon followed, including Geisinger Health System in Pennsylvania, Brigham and Women’s in Boston, and Cleveland Clinic.“We certainly didn’t have this level of transparency before” the University of Utah began posting its reviews, said Dr. Adrienne Boissy, chief of patient experience at Cleveland Clinic. “The idea that transparency can drive behavior change in clinicians, and in a market that didn’t think that way, was compelling.”Getting the reviews posted online wasn’t easy. Some doctors thought it was bad business and would undermine their reputations.“I remember my cellphone just burning,” said Chrissy Daniels, University of Utah Health Care’s director of strategic initiatives, who fielded angry calls from physicians. “I felt like crawling under my desk.”Lee attended a packed staff meeting to listen to complaints. Her response was direct: “We are going to need to get thicker skin.”Traffic to the University of Utah’s website has jumped more than 127 percent since patient reviews were first posted. And doctors’ national rankings on patient satisfaction surveys have improved.“Nobody likes to get negative feedback,” said Dr. Eric Volckmann, a bariatric surgeon. But he couldn’t ignore it: When patients complained that he kept them waiting, he tried to improve — or at least explain the delays to them. “It makes you look hard at your practices and think how you can do things better,” he said.A quest to track costs, to the pennyThe patient reviews grabbed plenty of national attention. But Lee said the decision to post them was the prelude to a more fundamental change. She wanted to shake up the relationship between the hospital’s doctors and patients, and make the cost of care a much bigger part of the equation.The problem in Utah — and at hospitals nationwide — was that no one knew how much it actually cost to deliver care to patients. Most hospitals calculate average per-patient costs that give them a rough idea of how much they are spending. But such data don’t tell you anything about what is driving the costs, where the waste is, or how to eliminate it without undermining the quality of care. Dr. Vivian Lee has been leading the University of Utah Health Care system in challenging the conventions of medical care and upending the relationships between doctors and patients. Kim Raff for STAT Newsletters Sign up for Weekend Reads Our top picks for great reads, delivered to your inbox each weekend. “We’re really going to start to define value in terms that matter to the patients.” During the last decade, her health system has repeatedly challenged the conventions of medical care and upended the relationships between doctors and patients. SALT LAKE CITY — Doctors in this mountain city are chasing answers that could transform medicine nationwide.Their quest is unfolding not in a lab or an operating room, but on the screen of an iPad that asks patients a straightforward question: What do you want from your care?A father with a bad knee might answer that he wants to dance at his daughter’s wedding. A woman with back pain might simply want to regain focus at work. It sounds so simple. But it’s a radical step in a health care system that traditionally defines success by technical benchmarks and government quality metrics — not by the patient’s own goals.advertisement It’s time to incorporate social needs into patient care It’s not just apps. Health care innovation requires true communication By Casey Ross Oct. 17, 2016 Reprints After about four months, Lee took the team’s work to a conference sponsored by the Robert Wood Johnson Foundation. She was not a featured speaker; she just had a slot on a small panel to present her new data tool.But her talk stirred so much buzz, the conversation soon took over not just her panel’s room but the large conference room next to it. “All these senior executives were saying, ‘Wow, I can’t believe you guys did that,’” Lee said. Many said they had tried to do the same thing but were told it was impossible.“It was really embarrassing,” she said. “There was just so much unexpected attention.”Weeding out wasted expenseOnce built, the database could be used to see how much different doctors spent to care for similar patients.Practices started to change.Surgeons who perform laparoscopic hernia repair, for instance, noticed a wide variation in costs, from $700 to $1,800. A deeper look revealed that some surgeons were using a $400 balloon dilator that didn’t appear to be associated with improved outcomes — a discovery that could end up saving the system hundreds of thousands a year.Orthopedic surgeons, meanwhile, noted that getting patients out of bed after joint replacement surgery could make a huge difference. That led to a staffing change to ensure that physical therapists, who typically worked 8 a.m. to 5 p.m., would be available for patients who got surgeries later in the day. They also started discharging a greater percentage of patients to their homes, instead of skilled nursing facilities, producing a drop in 30-day readmission rates. Leave this field empty if you’re human: The hospital also developed a new protocol for treating sepsis. Physicians began looking at the data of patients who developed the infection — and saw that they’d been missing some key warning signs.“That was jaw-dropping,” said Dr. Robert Pendleton, a hospitalist whose job is to prevent such infections.Physicians developed a composite index to track signs of sepsis and send an automatic alert to the nursing staff when a patient’s score gets to 7 or above on a 1 to 10 scoring system. So far, the hospital has seen a 4 percent reduction in mortality from sepsis and a dramatic improvement in the timeliness of treating patients, from nearly eight hours to under four.The next step, said Lee, is to bring patients more directly into the conversation about their care — and their expectations. The hospital plans to add that information to its existing data — and overlay it with quality measures designed by its own doctors and the federal government.Lee calls the resulting metric the “perfect care index,” a tool to measure which targets are met. Did the patient avoid infections? Did she regain mobility? Can she play with her kids?And once that’s done, the hospital can redesign its care, make it more affordable — and use the proof of its performance to compete with other top providers nationwide. “Then you would have this market force thing that we’re all looking for,” Lee said, “to drive care higher and better.” About the Author Reprints Casey Ross [email protected] HeavyweightsShe’s calling for a health care revolution. The radical first step: listen to patients “That’s the holy grail for me,” said Dr. Vivian Lee, chief executive of the University of Utah Health Care system, a network of four hospitals, a cancer institute, and 10 neighborhood clinics. “Now we’re really going to start to define value in terms that matter to the patients.”Lee has revolution on her mind.advertisement Tags hospitalpatientsphysicianslast_img read more

FDA reviews accelerated approvals as two drug makers withdraw bladder cancer indications

first_img STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Tags drug developmentgovernment agenciesSTAT+ Log In | Learn More About the Author Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. @Pharmalot Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Ed Silverman By Ed Silverman March 8, 2021 Reprintscenter_img What is it? FDA reviews accelerated approvals as two drug makers withdraw bladder cancer indications What’s included? [email protected] For the second time in less than a month, a drug maker has pulled an indication for a medicine after a follow-up clinical trial failed to meet its primary goal. And the moves come as part of a U.S. regulatory review of so-called accelerated approvals, a controversial strategy that has been used to hasten availability of treatments for serious conditions.The latest reversal concerns Tecentriq, a Roche (RHHBY) drug that was granted accelerated approval in 2016 to treat bladder cancer, but a trial to confirm the benefits subsequently showed it failed to improve overall survival. Last month, AstraZeneca (AZN) withdrew a bladder cancer indication for Imfinzi after a follow-up trial also showed the drug failed to improve overall survival. GET STARTED Pharmalot Sarah Silbiger/Getty Imageslast_img read more

Lee Health expands visitation hours

first_imgRELATEDTOPICS AdvertisementAnyone under the age of 12 will still not be allowed to visit patients at the hospital, with some exceptions.Visitors will be required to social distance, complete a health screening, temperature check and sanitize their hands before visiting a patient. They are also required to bring their own face covering to wear at all times. Ventilated masks aren’t allowed.“Visitation is an important part of a patient’s recovery and we understand these restrictions are a hardship. We ask the community for their understanding as we implement necessary measures to keep people safe during this critical time,” said Larry Antonucci, M.D., MBA, Lee Health president & CEO. “We are taking every precaution to ensure the safety of patients, visitors and health care workers.” Health Matters: A Partnership in Medical Care June 13, 2021 AdvertisementTags: Covid-19Lee HealthVisitors At outpatient facilities, adult patients are allowed to have one visitor to accompany them to their appointments. For surgeries, a visitor can bring a patient to registration and then reunite with them in the recovery room.Visitation protocol at Golisano Children’s Hospital won’t change. Their current policy allows one parent/guardian at the bedside 24 hours per day and one additional visitor over the age of 12 during normal visitation hours of 8 a.m. to 8 p.m. For children admitted to the hospital with COVID-19 or while in the Pediatric Emergency Department, one parent/guardian is permitted to stay with their child at all times.Since visitation and contact with loved ones during a hospital stay is so crucial to a patients recovery, frontline healthcare workers will use technology to help patients interact virtually with their family and friends. Health Matters: Helping Children with Chest Wall Malformation June 13, 2021 Health Matters: Scoliosis Treatment for Children June 13, 2021 LEE COUNTY, Fla. — Lee Health is making changes to its current visitation hours.The hospital system will expand visitation hours by three hours, according to Lee Health officials.The updated visitation hours are 9 a.m. to 6 p.m. Previously, visitations hours were restricted to noon to 6 p.m. as COVID-19 cases surged. Patients at adult acute care hospitals will be able to designate up to two visitors when they’re admitted, but only one person can visit the patient at a time. Mobile pediatric clinic provides COVID vaccines for children 12+ June 15, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

Insurance groups welcome FATF’s revised recommendations

Keywords Insurance companies,  Money laundering,  Life insurance industryCompanies Financial Action Task Force Insurance industry lobby groups say they support proposed revisions to anti-money laundering and terrorist financing standards that were released earlier this week. In a letter, the members of the International Network of Insurance Associations, including the Canadian Life and Health Insurance Association and the Insurance Bureau of Canada, welcome the Financial Action Task Force’s new, revised recommendations. They say the new recommendations “will create an environment that is hostile to money laundering and terrorist financing, thus making it more difficult and less profitable for criminals around the globe to launder proceeds of crime and finance terrorist activities.” James Langton Related news Manulife’s core earnings surge in Q1 Sun Life Financial buying Pinnacle Care International The associations note that they are particularly pleased with the specific FATF recommendation to apply a risk-based approach to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate with the risks identified. “This fundamental and essential approach will provide insurers with the flexibility needed to address new challenges presented by emerging money laundering and terrorist financing activities and trends,” their letter says. “Although insurance is a relatively low-risk industry compared to other sectors of the financial services industry, insurers remain committed to taking effective action in allocating their resources to any identified situations presenting a higher risk,” it adds. Additionally, the letter suggests that maintaining comprehensive global statistics on investigations, prosecutions and convictions of money laundering and terrorist financing, as recommended by the FATF, will “undoubtedly strengthen the effectiveness and efficiency of the regime. Indeed, this valuable information will allow insurers and their intermediaries to better understand the risks they face and to adjust their internal controls accordingly.” Facebook LinkedIn Twitter Share this article and your comments with peers on social media Sun Life earns $937 million in first quarter of 2021 read more

Canadian investors more optimistic about financial future

Budget proposal aims to help low-income earners access advice James Langton Bespoke advice becoming more important in changing industry Keywords Investor sentiment,  Value of advice Canadian investors are more optimistic about their financial future than investors in other markets, according to a new survey from New York-based BlackRock, Inc. The firm reports that its first-ever global survey found that 55% of Canadian investors are feeling positive about their financial prospects, compared with 48% of global investors. Nevertheless, less than two-thirds of Canadians say that they are confident they will reach their retirement goals, the global survey found. And, it says that only half of Canadian investors feel that they are in control of their financial future, or that they are making the right investment decisions. Indeed, Canadian investors are somewhat more worried about retirement than investors generally, with 44% saying that “funding a comfortable retirement” is their top priority, compared with 35% globally. Canadians are more confident about paying off their mortgages (88%), but less comfortable about paying off other debt (75%), it notes. “What we’re seeing is an interesting mix of Canadians’ financial conservatism and nervousness coupled with a clear desire to take a more active and informed role in managing their financial future,” said Noel Archard, managing director, head of BlackRock Canada. “Like the rest of the world, Canadians are still heavily exposed to low- or no-return cash investments, but there are guardedly hopeful signs that investors are ready to take action to better manage their money.” The survey also found that 64% of Canadian investors said they take financial planning seriously, and 55% said that they are interested in learning more about savings and investments. It reports that 60% said they use an advisor (which is a higher proportion than any other country, and double the global average of 24%) — with 31% using a professional advisor, and 29% utilizing a bank advisor. The survey found that Canadians were more likely to seek advice on how to protect investments from unforeseen economic events (33% for Canadian investors versus 28% globally), and that they were equally likely to discuss with their advisors how to protect investments and savings from inflation. The survey also highlighted the debt problem Canadian households face, with the percentage of take-home pay devoted to living costs, bills and debt reported to be 48% in Canada, compared to the global average of 40%. And, savings for Canadians were reported at, on average, just 14% of take-home pay, below the global average of 18%. Canadian investors report that 43% of their assets are in low- or no-return cash accounts, which is the lowest rate of cash holdings among countries surveyed, and below the global average (56%). And, 84% of those holding cash said they plan to maintain or increase their cash holdings over the next year, it says. Finally, the survey notes that investors are starting to recognize that their retirement savings will need to last longer than expected. “The good news is that Canadian investors at least seem to be recognizing the danger,” said Archard. “The challenge for them now is to do something about it.” Facebook LinkedIn Twitter Share this article and your comments with peers on social media Assante offering free advice to those hit by crisis Related news read more

$676 Million Spent to Improve Roads in Five Parishes

first_imgAdvertisements Related$676 Million Spent to Improve Roads in Five Parishes Related$676 Million Spent to Improve Roads in Five Parishes FacebookTwitterWhatsAppEmail Some $676 million has been spent to upgrade roads in five parishes under the National Road Services Improvement Programme (NARSIP).The sum represents 67 per cent of the contracted amount to be spent in the parishes of Manchester, Portland, St. Catherine, St. Thomas and Westmoreland.The programme is being funded by the Government and the Inter-American Development Bank (IDB) and is aimed at providing a safe and reliable national road network.In an interview with JIS News, Director of Communication and Customer Service at the National Works Agency (NWA), Stephen Shaw said that the work being done on the different roads in the communities is making a meaningful difference in the lives of the residents.“The residents welcome the work being done on the roads and we have a good relationship with them. We all want to see our roads improved,” Mr. Shaw said.Community Relations Officer for the north eastern region of the NWA, Natalee Bloomfield-Rowe, told JIS News that the roads being improved include Spur Tree to Gutters in Manchester, Buff Bay to Balcarres in Portland, Bog Walk to Ewarton in St. Catherine, Morant Bay to Port Morant in St. Thomas and Border to Negril in Westmoreland.“Under the National Road Services Improvement Programme, the road corridors will be constantly maintained, so although quite a number have already been improved, constant maintenance of these corridors will continue,” Miss Bloomfield-Rowe said.The programme is scheduled to be completed by November 2009.center_img $676 Million Spent to Improve Roads in Five Parishes UncategorizedJuly 31, 2008 Related$676 Million Spent to Improve Roads in Five Parisheslast_img read more

Look Out For Jamaica – Henry

first_imgLook Out For Jamaica – Henry TourismJune 30, 2010 RelatedLook Out For Jamaica – Henry Advertisements RelatedLook Out For Jamaica – Henry RelatedLook Out For Jamaica – Henrycenter_img Story HighlightsPlayers in the international aviation industry have been notified of the Government’s intention to make Jamaica a force in the sector, rivaling the busy Miami International Airport in the United States as the regional hub for cargo and passenger traffic.Transport and Works Minister, Hon. Michael Henry, said the plan for the air transport sector, as set out in Vision 2030, is to have a thriving industry, with Jamaica as an alternative to Miami International. “However, I personally have dreams and aspirations of actually replacing Miami in that regard. So, look out for Jamaica!” he said.Director General of the Jamaica Civil Aviation Authority (JCAA) Lt. Col. Oscar Derby, addresses the official opening ceremony of the Third International Conference for Air Services Negotiations (ICAN) Moday (June 28) at the Ritz Carlton hotel in Montego Bay. The six-day conference end July 2. Players in the international aviation industry have been notified of the Government’s intention to make Jamaica a force in the sector, rivaling the busy Miami International Airport in the United States as the regional hub for cargo and passenger traffic.Transport and Works Minister, Hon. Michael Henry, said the plan for the air transport sector, as set out in Vision 2030, is to have a thriving industry, with Jamaica as an alternative to Miami International. “However, I personally have dreams and aspirations of actually replacing Miami in that regard. So, look out for Jamaica!” he said.Director General of the Jamaica Civil Aviation Authority (JCAA) Lt. Col. Oscar Derby, addresses the official opening ceremony of the Third International Conference for Air Services Negotiations (ICAN) Moday (June 28) at the Ritz Carlton hotel in Montego Bay. The six-day conference end July 2.The Minister was delivering the main address yesterday (June 28) at the official opening ceremony for the 3rd International Conference for Air Services Negotiations (ICAN), which is being held at the Ritz Carlton hotel in Montego Bay from June 27 to July 2.He argued that Jamaica, with its “very favourable” geographical location, is well positioned to capitalise on the air traffic flows from across the globe.Further, he said, with the container port in Kingston being one of three on the Eastern seaboard of the Americas that can handle mega container ships, Jamaica is ideally suited to become a multi-modal passenger hub.“We are indeed intent on catching up with the rest of the world and hopefully, getting somewhat ahead. Jamaica’s extremely favourable position geographically . offers us an opportunity to make bold advances and take advantage of the really great potential out there for this small country,” Minister Henry pointed out.He noted that the conference “is a welcome opportunity for the realisation of air service negotiations, something upon which success in the global aviation industry is critically dependent”.“This is so much so that the hosting of this major international event in Jamaica is by no means a coincidence, but was achieved through a highly focused and determined effort to significantly raise Jamaica’s air services profile globally,” Minister Henry stated.More than 150 delegates from 43 member states of the International Civil Aviation Organization (ICAO) are attending the six-day conference, where Jamaica is set to sign at least seven new open skies agreements, and open the door for another 20 or more contracts.The ICAO is the United Nations agency with responsibility for international civil aviation. To facilitate the ease and convenience of member states negotiating air service agreements, the agency devised the ICAN, so that delegates could meet annually, at one venue, to negotiate deals. FacebookTwitterWhatsAppEmail last_img read more

I Don’t “Fear” Evolution

first_imgCongratulations to Science Magazine for an Honest Portrayal of Darwin’s Descent of Man News Media I Don’t “Fear” EvolutionPaul NelsonMay 14, 2019, 1:02 PM Email Print Google+ Linkedin Twitter Share Origin of Life: Brian Miller Distills a Debate Between Dave Farina and James Tour Paul NelsonSenior Fellow, Center for Science and CulturePaul A. Nelson is currently a Senior Fellow of the Discovery Institute and Adjunct Professor in the Master of Arts Program in Science & Religion at Biola University. He is a philosopher of biology who has been involved in the intelligent design debate internationally for three decades. His grandfather, Byron C. Nelson (1893-1972), a theologian and author, was an influential mid-20th century dissenter from Darwinian evolution. After Paul received his B.A. in philosophy with a minor in evolutionary biology from the University of Pittsburgh, he entered the University of Chicago, where he received his Ph.D. (1998) in the philosophy of biology and evolutionary theory.Follow PaulProfile Share Evolution Email Print Google+ Linkedin Twitter Share “Conservatives Shouldn’t Fear Evolutionary Theory,” writes Razib Khan for National Review, as noted already. Interesting about the title of the piece: conservatives shouldn’t “fear evolution.” I don’t fear evolution. I’ve studied it professionally for nearly forty years, and regard large parts of the theory as generally sound.I am skeptical of many claims of evolutionary theory, however. Ironically, the sound or well-supported parts of evolutionary theory are readily incorporated into a design perspective, and really only make sense from that perspective (see Michael Behe’s new book, Darwin Devolves).What’s worrisome to me about Khan’s article is its quasi-hagiographical tone: evolution, he writes, is “a crowning achievement of Western civilization.” The unspoken corollary: anyone who expresses skepticism about evolution is an enemy of civilization.Khan wants sensible conservatives to get on board with evolution. The problem is, unanswered questions, such as the origin of adaptive complexity, will NOT go away because everyone is “on board.”As I said 11 years ago, in my interview with Ben Stein for the movie Expelled, the funny thing about scientific questions that haven’t been properly answered is they refuse to go away. Nature herself will not cooperate, and it doesn’t matter what WE think. She will continue to talk back to us, until we learn to listen to her.Photo credit: Dušan Smetana via Unsplash.center_img A Physician Describes How Behe Changed His MindLife’s Origin — A “Mystery” Made AccessibleCodes Are Not Products of PhysicsIxnay on the Ambriancay PlosionexhayDesign Triangulation: My Thanksgiving Gift to All TagsBen SteinconservativesDarwin DevolvesevolutionExpelledfearMichael BeheNational ReviewnatureRazib KhanWestern civilization,Trending Jane Goodall Meets the God Hypothesis Requesting a (Partial) Retraction from Darrel Falk and BioLogos Recommended “A Summary of the Evidence for Intelligent Design”: The Study Guidelast_img read more

Food Bank Feeds Families One Cut at a Time

first_img Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. WHITEFISH – With a pair of blood-covered gloves and a blood-splattered apron, Jerry Quinn looked more like a horror movie extra than a happy and helpful food bank volunteer on a recent Friday morning. But, as Quinn and his team of butchers will remind you, sometimes volunteer work is messy.Quinn has been helping butcher donated meat and game for the Whitefish nonprofit for nearly three decades, after a local game warden called food bank founder June Munski-Feenan and asked if she wanted some meat.“She said ‘yes’ and then June called me and asked if I would butcher up the meat for the food bank,” said Quinn, who also serves on the board of directors. “I’ve been doing it ever since.”About once a week, three or four butchers will gather at the food bank located near Safeway in Whitefish and to process whatever meat has been dropped off during the previous seven days. Sometimes it’s extra meat from a hunter’s recent kill and other times it’s a deer or moose that was hit on the highway. So long as the animal is picked up quickly the meat is still good.In 2013, the Montana Legislature passed a bill that allowed for people to salvage deer, elk, moose and antelope killed by motor vehicles. The permits are available at no cost to anyone.On this Friday morning, eight butchers produced about 300 pounds of deer meat. Although that may seem like a lot, it’s only a small part of the 400,000 pounds of food the group distributes every year, according to executive director SueAnn Grogan King. The food bank feeds about 150 families and distributes nearly 25,000 pounds of food every month.Quinn said the butchers try to salvage nice cuts of meat as well as produce a lot of burger, which is always good to have on hand. A decade ago, Quinn and a group of volunteers even went to Yellowstone National Park and were able to bring home the meat of 29 bison that were being harvested by the park service.All of the donated meat is butchered and processed at the food bank’s new facility in Whitefish built last year. The facility was constructed with the butchers and meat donations in mind. Outside the kitchen area is a winch and hook that hangs over a drain so that animals can be skinned and gutted as soon as they arrive.  Just inside the door is a large freezer that holds the donations until the butchers are ready.Grogan King said donations usually increase the last few months of the year during the holidays. That’s especially helpful because these can be some of the toughest times for families.“(Seeing all the donations) really makes you feel good about mankind. It’s amazing to see how much is donated,” she said. “No one wants to see food go to waste.”For more information about how to help the North Valley Food Bank, visit read more